Mobility Data, Policy, Research, Talent, Travel, Health & Security Risk

Addressing allowances during COVID-19

Should you update COLA and increase hardship premiums?

Apr 08, 2020

Client Engagement, AIRINC

Like Liked by Gerald Abbey

The COVID-19 pandemic is presenting us all with a period of great uncertainty. One thing we have learned from past crises is that we will likely experience economic volatility, including wide exchange rate swings and abnormal patterns of inflation. While these are early days, we have already measured higher rates of inflation in China, as well as significant fluctuations in major currencies. In addition, living conditions have worsened for many across the globe. It is likely economic volatility and restricted lifestyles will be with us for some time.

At AIRINC, we are getting a lot of questions from clients about updating COLA and hardship in these uncertain times. Some companies are unsure if changing allowances at this time is a good idea given all the disruption employees are already experiencing. AIRINC has put together this guide to help you navigate this landscape.

Click here to access the complete article

AIRINC (She/Her)

Client Engagement, AIRINC

Focused on workforce globalization, AIRINC provides compensation insights, allowances, technology and advice to facilitate global and domestic mobility.

AIRINC has a distinct approach: Listen | Partner | Deliver.

We actively listen, challenge your thinking, and ask questions to form a complete understanding of your goals. With knowledge of your context, we partner with you to help develop the best solutions for your mobility challenges. We thrive on adding value to your program and our support model is set up to efficiently deliver defensible data and easy-to-use technology, while also offering leading advice and counsel.

This is the AIRINC experience. This is what sets us apart.